Владимир Недић, Душан Цветановић, Лена Деспотовић

DOI Number
First page
Last page


The paper analysis the level of development of the innovation system of the Republic of Serbia and its neighboring countries in relation to three selected indicators: a) the amount and structure of R&D investment resources, b) the country’s capacity to attract and retain talents, and c) the degree of Internet use. Serious lagging of Serbia behind the selected countries was noted in terms of all three indicators. The situation in Serbia is characterized by insufficient private sector investment in R&D and a rather large share of investments provided by the public sector and higher education for the purpose of funding the R&D activities, which represents a serious weakness in the development of the innovation system of the country. The large share of public funds in the financing of R&D means investing in theoretical and fundamental research that cannot be usefully applied in practice, as opposed to the business sector investments, which are mainly focused on the commercialization of knowledge through innovative activities. According to its capacity to retain talent, Serbia is the lowest ranked country in the world in 2015. This all leads to the conclusion that serious insufficiencies in the development of the innovation system of Serbia, as a small country currently in the EU accession process, represent a very significant limiting factor in the creation and implementation of economic policy that ensures the efficient management of the country’s development in terms of the knowledge economy.


national innovation system, R&D investments, brain drain, use of the Internet, economic policy.

Full Text:

PDF (Cрпски)


Baller, S., Dutta, S., & Lanvin, B. (2016). The global information technology report 2016. In World Economic Forum, Geneva (pp. 1–307).

Bertoli, S., Brücker, H., Facchini, G., Mayda, A. M. & Peri, G. (2009). The battle for brains: how to attract talent. CEPR project, Fondazione Rodolfo Debenedetti.

Božičević, J.(2001) Hrvatska razvojna politika i razvijeni svijet; predavanje na skupu: Tehničke znanosti za hrvatsko gospodarstvo [Croatian Development Policy and the Developed Countries; lecture given at the conference: Science and Engineering for Development of Croatian Economy]. Peta multidisciplinarna konferencija, Akademija tehničkih znanosti Hrvatske i Hrvatsko društvo za sustave, Zagreb. dostupno na

Cvetanović, S., Despotovic D., & Filipović M. (2015). „Odliv mozgova” kao limitirajući faktor unapređenja konkurentnosti Republike Srbije, Odliv mozgova – uzroci i posledice po nacionalni razvoj i identitet [Brain Drain as a Limiting Factor in Improving the Competitiveness of the Republic of Serbia, Brain Drain – Causes and Consequences for the Country’s Development and National Identity]. Niš: Filozofski fakultet Univerziteta u Nišu.

Cvetanović, S., & С. Mladenović, I. (2015). Koncept inovacionih sistema u teoriji privrednog razvoja i ekonomska kriza, Antikrizne politike i postkrizni procesi: izazovi ekonomske nauke [Understanding the Innovation System Concept in the Theory of Economic Development and the Economic Crisis, Anti-Crisis Policies and Processes of Post-Crisis: Economic Science Challenges]. Niš: Ekonomski fakultet Univerziteta u Nišu.

Despotović, D. Cvetanović, S. Nedić, V. (2015). Analysis of Innovativeness, as a Determinant of Competitiveness of the Selected European Countries. Индустрија 44(1) 89–111.

EC–European Commission. (2010). Europe 2020: A strategy for smart, sustainable and inclusive growth. European Commission Communication, 3.

Etzkowitz, H. & Leydesdorff, L. (2000). The dynamics of inovation: from National Systems and ‘‘Mode2’’ to a Triple Helix of university–industry–government relations, Research Policy 29, 109–123.

Freeman, Ch. (1987). Technology and Economic Performance: Lessons From Japan, London: Pinter.

Freeman, Ch. (1988a). Preface to Part II: evolution, technology and institutions: a wider framework for economic analysis in G. Dosi et al (eds) Technical Change and Economic Theory, Pinter, 1988 p. 9–13.

Freeman, Ch. (1988b). Japan: A New National System of Innovation’, in G. Dosi, C. Freeman, R. Nelson, G. Silverberg & L. Soete (eds), Technical Change and Economic Theory, Pinter, 1988, 330–348.

Guthridge, M., Komm, A. B. & Lawson, E. (2008). Making talent a strategic priority. McKinsey Quarterly, 1, 48.

Kutlača, Đ. & Semenčenko, D. (2015). Nacionalni inovacioni sistem u Srbiji: prošlost, sadašnjost, budućnost [National Innovation System in Serbia: Past, Present, Futur] Beograd: Institut „Mihajlo Pupin”.

Kutlаčа, Đ. (2008). Izgrаdnjа nаciоnаlnоg inоvаciоnоg kаpаcitеtа kао prеduslоv zа uspоstаvljаnjе i funkciоnisаnjе nаciоnаlnоg inоvаciоnоg sistеmа [Building a national innovation capacity as a prerequisite for the establishment and functioning of the national innovation system]. Instituciоnаlnе prоmеnе kао dеtеrminаntа privrеdnоg rаzvоја Srbiје, Еkоnоmski fаkultеt, Krаguјеvаc, str. 268–276.

Lundvall, B. (1992). National system of innovation. Towards a theory of innovation and Interactive learning. London: Pinter Publishers.

Metcalfe, S. (1995). The economic foundations of technology policy: equilibrium and evolutionary perspectives. In: Stoneman, P. (Ed.), Handbook of the economics of innovation and technological change. Blackwell Publishers, Oxford Press, Cambridge. pp. 409–512.

Nedić, V, Cvetanović, S. & Despotović, D. (2014). ICT as a Component of Knowledge Economy Development of Western Balkan Countries, Industrija Vol. 42(4) 55–77.

Porter, M. (1985). Competitive Advantage, New York: Free Press.

Semenčenko, D. (2009). Faktori u oblikovanju nacionalnog inovacionog sistema [Factors in the Formation of the National Innovation System] Beograd, Institut „Mihajlo Pupin”.

Sokolov-Mladenović, S., Cvetanović, S., & Mladenović, I. (2016). R&D expenditure and economic growth: EU28 evidence for the period 2002–2012. Ekonomska istraživanja, 29(1), 1005–1020.

Solow, R. M. (1957). Technical change and the aggregate production function. The review of Economics and Statistics, 312–320.

Schwab, K. (2014). The Global Competitiveness Report 2013-2014, World Economic Forum.

The Global Competitiveness Report (2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015). World Economic Forum

Your key to European statistics. (n.d.). Retrieved January 20, 2017, from

Upotreba informaciono-komunikacionih tehnologija. [Application of Information and Communication Technologies] (n.d.). Retrieved February 11, 2017, from


  • There are currently no refbacks.

© University of Niš, Serbia
Creative Commons licence CC BY-NC-ND
Print ISSN: 0353-7919
Online ISSN: 1820-7804